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Kazakhstan Kagazy (KAG)

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Thursday 23 June, 2011

Kazakhstan Kagazy

Update on debt restructuring

RNS Number : 9755I
Kazakhstan Kagazy PLC
23 June 2011
 



 

 

 

 

 

 

 

For immediate release                                                                                        

 

23 June 2011

 

 

 

 

 

EBRD Debt restructuring update

 

 

Kazakhstan Kagazy plc announces that it has agreed a term sheet with the European Bank for Reconstruction and Development ("EBRD") in relation to the Restructuring of the Group's loan with EBRD of USD38.6 million (the "Restructuring"). The Restructuring is dependent upon further documentation preparation and formalization and is subject to final documentation, which is anticipated to be signed in the third quarter of 2011.

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For more information, please visit www.kazakhstankagazy.com or contact:

Kazakhstan Kagazy JSC

Nellya Kim, Press Centre                                 +7 727 244 87 96

 

SP Angel Corporate Finance LLP

David Facey

John Mackay                                                   +44 20 3463 2260

 

 


This information is provided by RNS
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